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Power Grid to Raise ₹5,000 Crore Through Bonds

Last Update 22 October 2024

Power Grid has announced a bond issuance plan to raise ₹5,000 cr through private placement, approved by its Board of Directors on October 22, 2024. The issue includes a base size of ₹1,000 cr with a green shoe option of ₹4,000 cr. The unsecured, non-convertible bonds will mature in 10 years, with annual interest payments. Recently, the company secured multiple transmission projects in Rajasthan.

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